15 Trending AI Stocks on Latest Analyst Ratings and News

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12. FormFactor, Inc. (NASDAQ:FORM)

Number of Hedge Fund Holders: 28

FormFactor, Inc. (NASDAQ:FORM) is a provider of test and measurement technologies for the semiconductor industry. It is a top supplier of semiconductor probe cards that are used for testing AI chips.

On October 31, Needham lowered the firm’s price target on FormFactor, Inc. (NASDAQ:FORM) to $52 from $60 and kept a “Buy” rating on the shares. According to the analyst, the company reported a solid Q3 result. However, Q4 guidance was below consensus, citing demand tied to consumer electronics such as PCs and smartphones growing weaker into Q4. Nevertheless, the firm adds that DRAM probe card revenue is expected to grow to a new record next quarter, with High Bandwidth Memory revenue expected to rebound after a temporary pull-back in Q3.

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